Warren Buffett turns 91: Here are his timeless tips that everyone must follow

'Price is what you pay. Value is what you get.' Buffett believes that price and value are not always the same.

'Most news is noise, so avoid the hype.' He advises instead of being inundated with too much useless information, take only select but useful information.

'We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.'

'Time is the friend of the wonderful company, the enemy of the mediocre.' He believes the longer you invest the better you will get.

'Never invest in a business you cannot understand.' Buffet advises that one must be educated about the business he/she is investing in.